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Rents in Louth continue to increase

Rents in Louth continue to increase

Rents in Co Louth have risen by 3.6% in the last year.

That’s according to the latest Daft.ie Rental Report.

The report shows that the average rent in Louth now stands at €1,236, up €43 on the same stage last year when the average rent stood at €1,193.

Rents are also €271 more expensive than where they stood at the height of the boom, an increase of 28.1%.

The average rent in the county has now more than doubled from its lowest point with the latest quarterly increase of 0.6% meaning rental costs in the county are now 102.5% dearer than they were at their lowest point.

The biggest increase in rents in the past year have been in relation to one bed apartments which are up 6.7% to €900. This was followed by two bed houses which have risen by 5.2% to an average of €1,029. Three and four bed houses both recorded increases of 4.5% and 3.4% to stand at €1,196 and €1,302 respectively while five beds were up just 0.3% to €1,389.

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